When Beginning to Do Research in a New Area of Study

question 51

Multiple Choice

When beginning to do research in a new area of study, you should

• A) plunge right in and design a study
• B) not be too influenced by the work of others, as it could limit your creativity
• C) conduct a literature review
• D) start recruiting participants

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Definitions:

Causality

The relationship between cause and effect, where one event (the cause) leads to the occurrence of another event (the effect).

Econometrics

The application of statistical methods to economic data to give empirical content to economic relationships.

Empirical Economics

An approach to economics that relies on real-world data and statistical analysis to validate or disprove theories and models.

Normative Statement

An assertion that expresses a judgment about what ought to be, based on values or opinions rather than facts.